DeFi Hacker Returns, Oil's Not Well, Amazon, IBM Won't Sue

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Scanning transactions on the Ethereum blockchain shows that a wallet address conspicuously called "Lendf.Me Hack" has sent a series of ether, bitcoin derivatives and an assortment of stablecoins payments to the admin address for the Lendf.

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A cabinet level department in China said blockchain will join other emerging technologies such as cloud computing, artificial intelligence and the internet of things will form an integral part of the country's data and technology infrastructure.

"The Blockchain Association is troubled that the SEC's recent arguments have conflated entering into a contract with accredited investors under a well-established exemption with other events involving the sale or distribution of tokens to the public," the association's executive director, Kristin Smith, told CoinDesk.

Blockchain for BanksThe Central Bank of Argentina is testing a new blockchain-powered clearing system that could be used by some of the country's largest financial institutions to speed up fiat payments.

Blockchain developer IOV Labs said the proof-of-concept is a permissioned blockchain network based on RSK Smart Contract Network, built in conjunction with the nation's central and commercial banks including Santander and BBVA.Dai For YouInterest rates have spiked for deposits of dai, the U.S. dollar-linked stablecoin, on the decentralized finance platform Compound, as people withdraw from the network resulting in a shortage of funds to lend.

Akon CityAkon is building a city in Senegal that will run entirely on cryptocurrencies and blockchain.

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